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Cora Gold Ltd.
Summary
| Project: | Sanankoro | |
|---|---|---|
| Deposit: | Sanankoro | |
| Location: | Mali | |
| Commodities: | Gold | |
| Date: | 10/15/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 15-10-2018: Cora Gold Ltd. announces a Resource Estimation report for its Sanankoro deposit at the Sanankoro project. Exploration target for Sanankoro. Cora Gold Limited, the West African focused gold exploration company, is pleased to announce that SR | |
| Resources: | Exploration Target: 30 - 50Mt @ 1.0 - 1.3g/t Au | |
| CP/QP: | [Overall Report]: Martin Pittuck (SRK Consulting (UK) Ltd.) | |
| ABSTRACT: | Cora Gold Limited, the West African focused gold exploration company, is pleased to announce that SRK Consulting (UK) Ltd ("SRK") has determined an initial Exploration Target of between 30 and 50 million tonnes of gold ore at a grade of between 1.0 and 1.3 g/t Au for its Sanankoro Gold Discovery ("Sanankoro" or "the Project") in southern Mali. SRK's report confirms the Company's internal expectation that Sanankoro has the potential to delineate 1.0-2.0 million ounces ("Moz") to a depth of 100m, indicating the potential for significant further upside at depth.Dr Jonathan Forster, Cora's CEO commented, "It is very pleasing to have our opinion on the gold potential of the Sanankoro project confirmed by this independent review by SRK. That the Exploration Target of 1.0-2.0 Moz is taken only to a vertical depth of 100m in an environment where depth of oxidation ranges from about 50m to in excess of 100m, suggests that the potential for significant upside remains at depth. | |
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